In a major diplomatic and financial development, Pakistan has been officially selected to chair the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) for 2027, marking its return to the position after 74 years.

The announcement was made during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok, Thailand. Federal Minister for Economic Affairs Ahad Khan Cheema was formally announced as the incoming chair, representing Pakistan's historic milestone as the nation last held the chairmanship in 1953.